Palm Oil Poised for First Weekly Drop in Five
Malaysian palm oil futures slipped for a second session to below MYR 4,200 per tonne on Friday, rattled by weakness in rival edible oils on the Dalian and Chicago exchanges. The benchmark contract is set for its first weekly decline in five, down nearly 1%, as traders turned cautious ahead of the Malaysian Palm Oil Board’s data due February 10. Sentiment was further restrained by upcoming CPI and PPI readings in China, the top buyer, while crude oil also headed for its first weekly decline in several weeks ahead of key talks. Losses were capped by a weaker ringgit and stronger shipment data, with cargo surveyors reporting January exports up 14.9–17.9% month-on-month, driven by restocking ahead of the Spring Festival and Ramadan. Demand from top consumer India also improved in January, with imports surging 51% to a four-month high after the prior fall. Reuters projected Malaysia’s inventories likely halted a 10-month rise in January, as strong exports met a seasonal output slowdown.
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market


